437 S FOURTH Street $500,000

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    437 S FOURTH Street Globe, AZ 85501

    • 29,437 sq.ft.
    • Commercial Sale
    • MLS# 5982327
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    Views: 8 Days On Market: 154

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    Property Details

    Wow! This facility consists of 2 buildings one built in 1945 and the other building built in 1906 and is the oldest school building in Globe and has not been used for school purposes since 2009. Each building is constructed with poured concrete, foam-covered roofs and formerly an East Globe Elementary school. These structures are located on a rectangular-shaped full city block, with this entire perimeter covered with 6 foot chain-link metal fencing. The first building has 3 floors each measuring some 5,000 sf. THE FRONT BUILDING faces on U.S. 60 which is named ''Ash Avenue'' as it runs through Globe, AZ and has a total of 15,000 sf. The first floor currently contains administrative offices for a (a) Student Reception area, (b) A School Principal & (c) A School Nurse. These offices are served by a central air conditioning/heating unit and on the same first floor of the building there are five large classrooms which have an evaporative cooling system with forced air heat. Additionally, there are both men's and women's bathrooms on the ground floor here, along with blackboards and other school accessories in each classroom. Further, all three floors of this building have tile flooring in the rooms and polished cement in the outside hallways. THE SECOND FLOOR in this front building contains a total of 6 classrooms. The third floor has three large rooms, all three of these floors each containing 5,000 sf of space. There are several important security features in this front building. First, there are large chain-link gates on the first floor to enter the building from two sides. Further, chain-link fencing extends above all floor banisters, so no student climbing could provide access. Finally since this building has been continuously used through December 2015 as a school facility, it is fully improved with Wi-Fi access and other accessory features are all up-to-date. REAR BUILDING - There are 2 floors to this structure, each containing 5,000 sf. On the first floor are five classrooms and approximately 75% of all the opening in this building have been refitted, with new vintage-type, appropriate sized & double-paneled, metal-clad windows. Hardwood flooring exists throughout this structure and there are two 1/2 unisex restrooms in this building along with two very large men's and women's bathrooms with plumbing piping but no toilets, shower fixtures or washbasins. SPECIAL FEATURES: 1. Changeable building signate-property front. 2. Regulation Tennis Court. 3. On-site recess areas/3 basketball areas. 4. Boiler, hot water heating system replaced in rear building, circa 2008, at a cost (rounded) $100,000 for radiator-type heat in building. 5. Full fire sprinkler system in rear building. 6. Separate building, which was a former school library, of (rounded) 2,000 sf, that included central air conditioning/heating system and two restrooms. 7. Electrical/gas systems in both buildings are code compliant except for certain short gas plumbing needs in rear building. 8. Two additional large bathrooms in rear building contains plumbing/all fixtures here (toilets, sinks, showers) need to be replaced; 2 1/2 fully equipped restrooms currently existing. 9. On-site parking: 12 spaces in front of building/ 20 spaces in rear and side of site. SPECIAL NOTE ON VALUE ADD OPPORTUNITY It is recognized that the rear right hand section of these premises contains a piece of vacant land of (rounded) one-half acre. This space could accommodate 20 newlt-constructed one-bedroom apartments for seniors. Also, parking spaces for this building could also be conveniently placed here. If it was decided to pursue full service senior housing on this campus, this would be the only facility in the City of Globe to offer such accommodations. Combining (a) this new facility and (b) the existing rear two-story building into both a "lifelong learning" facility and kitchen quarters, would allow a needed service to be available in this town. Finally, this type of program should add a significant revenue stream to the ownership of this premises.

    • General Features
      • Assessor Book # 208.00
      • Assessor Map # 5.00
      • Assessor Number 208-05-299
      • Assessor Parcel # 299.00
      • Building Type Commercial, Other (See Remarks), Office
      • Cooling Error: ClassID in tblMLSFieldPropertyType is null.
      • County Gila
      • Covered Parking Spaces 0.00
      • Cross Street Ash St & 4th St
      • Directions Take Interstate 60 toward Globe. When you get to 4th St go left. Property is on the right
      • Electric City Electric
      • Fencing Error: ClassID in tblMLSFieldPropertyType is null.
      • Gas Other (See Remarks)
      • Heating Error: ClassID in tblMLSFieldPropertyType is null.
      • List Date 2019-09-23
      • Parking Error: ClassID in tblMLSFieldPropertyType is null.
      • Roofing Error: ClassID in tblMLSFieldPropertyType is null.
      • Sewer Error: ClassID in tblMLSFieldPropertyType is null.
      • Subdivision EAST GLOBE MAP UNIT 1
      • Tax Municipality Globe
      • Tax Year 2018
      • Taxes $5,866
      • Total Approx Building SqFt 29,437
      • Total Approx Land SqFt 91,476
      • Type ER
      • Uncovered Parking Spaces 50.00
      • Water Error: ClassID in tblMLSFieldPropertyType is null.
      • Year Built 1961
      • Zoning Commercial
    • Building Features
      • Construction Error: ClassID in tblMLSFieldPropertyType is null.
      • Ceiling Height 8.1 Feet to 10 Feet, 12.1 Feet to 14 Feet
      • Stories 34 Stories
      • Interior Finished
      • Floors Concrete, Other (See Remarks)
    • Property Features
      • Total Parking Space 50.00
      • Legal Info: Lot Number 1
      • Legal Info: Township 25
      • Legal Info: Range 15
      • Ownership Fee Simple
      • Income & Expenses: Net Operating Income 0.00
      • Income & Expenses: Gross Annual Sch Inc 0.00
      • Income & Expenses: Adjusted Gross Inc 0.00
      • Number of Buildings 3

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    Neighborhood

    85501 (Globe) Demographics

    43 Median Age
    24 Population Density (per sq. mile)
    20% College Educated
    $39,417 Estimated Median Income
    3,514 Estimated Total Home Owners
    1,742 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    13,342 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $150,000 Median Sales Price
    4 Homes Sold
    3 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $500,000
        9/23/2019 3:25:00 PM New in Database Source

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        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2/25/2020 6:46:15 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.